Posts tagged with "insurance"

05/04/2018

Why private health insurance isn’t enough

People often ask our Financial Planners why they need trauma cover given they have private health insurance or can go through the public system for certain illnesses. What most people don’t know is that not all costs are covered by private health and there are out-of-pocket bills that can cost you tens of thousands. The […]

Explainer: Income Protection Insurance

83% of Australians insure their car but only 31% of Australians insure their income. Insurance for something you can’t see or touch, such as your income, may seem strange. But how would you pay your mortgage if you were unable to work? When considering insurance, it’s common for people to pass it off as a […]

Is trauma insurance is worth considering?

It’s one of the most underused policies, but trauma insurance is worth considering. Doing so could take a lot of the pressure off if you find yourself unable to work. Trauma insurance cover is a tax-free lump sum that is paid out upon diagnosis of a serious illness. Generally speaking, there is a list of […]

How long could you service your home loan for if you became sick?

A new survey found that in the event of a sudden illness requiring time off work, 44 per cent of Australians could not service their home loan for more than four months if they became sick. Additionally, The research from mortgage insurer ALI Group found 56 per cent of those represented in the survey were […]